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Had an offer....what is this a joke?!!
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barnaby-bear wrote: »http://forums.moneysavingexpert.com/showthread.html?t=1393243
Weird other thread doesn't quite match the story this time round
this place is becoming the biggest place to tell lies, everyone seems to be doing it.
maybe people should have some of this before they post!!!!!!
I am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
On rightmove all the 1 bed flats in crouch end area between 225 and 315k, so you are in the right ball part.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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suckers2008 wrote: »Hi All
What are these FTB's on???!!
A somewhat stronger dose of reality than the OP, I would think.
A quick look at a newspaper might give a clue as to why people might not be willing or able to spend a quarter of a million pounds on a slavebox.'Never keep up with Joneses. Drag them down to your level. It's cheaper.' Quentin Crisp0 -
Some of the flats that I have been looking at would have been put on the market and sold at £350k in 2006/7. Now, some more realistic sellers have reduced these to £275k while others stand firm at £350k.
I bought my first house, a repo, in 1993, for £34k (3 bed semi in commuter belt, had been on the market at 55k originally, slowly dropping to 48k, before they took my offer).
At the time that I bought, most other houses in the road (all identikit ex LA) were on at between £59k and £70k.
Over time, some of thesevendors reduced their prices, and achieved sales.
Some vendors on the other hand were resolute 'I know what my house is worth, how dare anyone offer less' types. They would not budge an inch.
When I sold just over 3 years later (for 56k I believe), some of these houses were still on the market at the original prices.
Does the OP want to get on with her life, or is pride getting in the way?0 -
suckers2008 wrote: »my mortgage is £210K so I wont make any money if I accept £210K!!
'Won't make any money' - if you want to make money out of selling your home how can you expect people to pay over the odds for it in a falling market? You want them to pay your asking price and lose money so you can make money? I think they call that charity and most buyers aren't in that game.0 -
I'd ignore all the doom-mongers and give it some more time if i were you. Three weeks is nothing. Crouch End is a desirable post code where people want to live. So long as it's priced comparatively well, I'd be surprised if you don't get other offers.
So much depends on the location. A house in my road (Stoke Newington, not unlike Crouch End in terms of profile) has just gone to highest bids with 2 buyers fighting over it. It ended up going for 5% less than an identical house which sold last summer.
All this talk of 30%, 40% and 50% drops is all very well but it simply ain't true everywhere.
Anyway, good luck on the flat sale!0 -
suckers2008 wrote: »Hi All
What are these FTB's on???!!
I wonder that too. Many of them obviously have no idea what is coming.0 -
This was on at £350k and is now at £210k
http://www.rightmove.co.uk/property-for-sale/property-17172658.html0 -
maybe one of the side effects of pregnancy is split personality we have 2 suckers 2008 but in different situations.0
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